Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Liscomb Hood Mason Co., a $2.2 million revenue agency based in Duluth, Minn.
With roots dating back to 1927, Liscomb Hood Mason offers a wide range of property/casualty and employee benefit products and services to businesses and individuals in Minnesota.
All of the firm’s leadership and employees, including its president Larry Sumbs, will join MMA and operate within MMA’s upper Midwest hub.
Marsh’s announcement noted that Marsh & McLennan Cos. co-founder Donald R. McLennan was a Duluth native who in 1894 began his insurance career at Stryker, Manley & Buck, later renamed McLennan-Manley Agency.
Jon Welles, a principal shareholder in Liscomb Hood Mason and current chief financial officer, is the great nephew of Donald McLennan.
Topics Mergers & Acquisitions
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